EPF tax on withdrawal: In the wake of the Arun Jaitley Budget 2016 proposal to impose the EPF withdrawal tax, Centre was forced to clarify that only that portion of the interest accrued on Employees Provident Fund (EPF) contr
The rate of service tax could go up to a flat 16% from an effective 14.5% now in the coming Budget, but the government would try to soften the resultant blow to businesses and consumers with a broadening of the credit base an
Why did I pay more than what I had eaten at a restaurant? That question takes a lot of the fun out of an outing. We end up paying for service charge, service tax and VAT. Here, in 4 steps, we show you how to substantially red
While the government continues to hold out hope on GST by now talking of advancing the winter session so that the Constitutional amendment Bill can be passed, that seems a dim hope given the escalating war of words between Pr
Faced with lower-than-expected growth in Service Tax collection, the revenue department has decided to focus on five key sectors, including telecom and renting of property, where the possibility of tax evasion is high.
With the GST Bill being one of the important laws awaiting approval in the ongoing Parliament monsoon session, Suresh Nair, Partner with the Indirect Tax Practice in Ernst and Young, focuses on the possible impact of the Bill